Biogen Inc.(BIIB:NASDAQ) Elliott Wave Technical Analysis October 13 2022

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Biogen Inc., Elliott Wave Technical Analysis

Biogen Inc., (BIIB:NASDAQ): Daily Chart, October 13 2022,  
BIIB Stock Market Analysis: Moving as predicted, Looking for this pullback to this support as we have had a huge gap to the upside.  

BIIB Elliott Wave count:  2 of (3).

BIIB Technical Indicators: We broke through all averages.  

BIIB Trading Strategy: Looking for long on this last pullback, as soon as we can identify a five wave move on shorter timeframes.  

TradingLounge Analyst: Alessio Barretta
 

 

 

 

Biogen Inc., BIIB: 4-hour Chart, October 13 2022  

Biogen Inc.,  Elliott Wave Technical Analysis
BIIB Stock Market Analysis: Looking for this wave 2 to come to an end soon as we have approached the 20EMA and it is currently acting as support.

BIIB Elliott Wave count:  {c} of 2.

BIIB Technical Indicators: 20 EMA acting as support.

BIIB Trading Strategy:Looking for a break of wave {B} at 265$ to have further confirmation for longs.